SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
and Exchange Act of 1934
Date of Report: 03/25/97
(Date of earliest event reported)
JP Morgan Commercial Mortgage Finance Corp.
Commercial Mortgage Pass-Through Series 1997-C4
(Exact name of registrant as specified in governing instruments)
New York
(State or other Jurisdiction of Incorporation)
c/o State Street Bank and Trust Company
Corporate Trust Department
Two International Place, 5th Floor
Boston, MA 02110
(Address of Principal Executive Offices) (Zip Code)
(202) 664-5500
(Registrant's telephone number, including area code)
Commission File Number 333-16397
04-3342274(I.R.S. Employer Identification No.)
Not Applicable
(Former name, former address and former fiscal year if changed
since last report)
<PAGE>
JP Morgan Commercial Mortgage Finance Corp.
Commercial Mortgage Pass-Through Series 1997-C4
FORM 8-K
INDEX
ITEM DESCRIPTION PAGE NUMBER
Item 5. Other Event 3
Item 7. Financial Statements and
Exhibits 3
Signatures 3
Exhibit A Trustee's Report to
Bondholders 4
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JP Morgan Commercial Mortgage Finance Corp.
Commercial Mortgage Pass-Through Series 1997-C4
FORM 8-K
ITEMS AND SIGNATURES
ITEMS
Item 5. Other Events
See Exhibit A, the Trustee's Report to Bondholders attached hereto.
Item 7. Financial Statements and Exhibits
See Exhibit A, the Trustee's Report to Bondholders attached hereto.
SIGNATURES
Pursuant to the requirement of the Securities Exchange
Act of 1934, the registrar has duly caused this report to
be signed on its behalf by the
undersigned hereunto duly authorized.
JP Morgan Commercial Mortgage Finance Corp.
Commercial Mortgage Pass-Through Series 1997-C4
(Registrant)
Date: 03/25/97
By:
Name David Shepherd
Title: Assistant Secretary
State Street Bank and Trust Company
as Trustee
J.P. Morgan Commercial Mortgage Finance Corp.
Commercial Mortgage Pass-Through Certificates
Series 1997-C4
B224
Report to Certificateholders Payment Date: March 25, 1997
<TABLE>
Ending
Certificate Interest Principal Interest Balance
Class Rate Type Distribution Distribution Factor
<S> <C> <C> <C> <C> <C>
Regular
A1 6.9390% Fixed 10.40165 5.78250 0.98960
A2 7.3230% Fixed 0.00000 6.10250 1.00000
A3 7.5350% Fixed 0.00000 6.27917 1.00000
B 7.4725% Variable 0.00000 6.22708 1.00000
C 7.5705% Variable 0.00000 6.30875 1.00000
D 7.6285% Variable 0.00000 6.35708 1.00000
E 7.9715% Variable 0.00000 6.64292 1.00000
X* 1.3467% Variable 0.00000 1.12226 0.99898
F 7.3800% Fixed 0.00000 6.15000 1.00000
G 7.3800% Fixed 0.00000 6.15000 1.00000
NR 7.3800% Fixed 0.00000 6.15000 1.00000
R-I 0.0000% N/A 0.00000 0.00000 0.00000
R-II 0.0000% N/A 0.00000 0.00000 0.00000
R-III 0.0000% N/A 0.00000 0.00000 0.00000
* Notional Class
</TABLE>
<TABLE>
Principal Principal Interest Interest Total
Class Payable Adjustments Payable Adjustments Payable
<S> <C> <C> <C> <C> <C>
Regular
A1 416,066.18 0.00 231,300.00 0.00 647,366.18
A2 0.00 0.00 611,006.71 0.00 611,006.71
A3 0.00 0.00 870,662.97 0.00 870,662.97
B 0.00 0.00 152,059.15 0.00 152,059.15
C 0.00 0.00 141,215.06 0.00 141,215.06
D 0.00 0.00 129,360.29 0.00 129,360.29
E 0.00 0.00 40,548.36 0.00 40,548.36
X 0.00 0.00 456,745.33 0.00 456,745.33
F 0.00 0.00 162,692.10 0.00 162,692.10
G 0.00 0.00 100,115.85 0.00 100,115.85
NR 0.00 0.00 75,112.12 0.00 75,112.12
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
Total 416,066.18 0.00 2,970,817.94 0.00 3,386,884.12
</TABLE>
<TABLE>
<S> <C> <C>
Current Cum Outstanding
Principal Advances 10,601.36 10,601.36
Interest Advances 51,910.67 51,910.67
Total Advances 62,512.03 62,512.03
Servicing Advances 0.00 0.00
Current Interest on Advances 0.00
Cumulative Interest on Advances 0.00
Primary Servicing Fee 21,756.54
Master Servicing Fee 8,299.76
Special Servicing Fee 0.00
</TABLE>
<TABLE>
Beginning Principal Realized Principal Net Principal Ending
Class Balance Payable Loss/CVA Adjustment Payments Balance
<S> <C> <C> <C> <C> <C> <C>
A1 40,000,000.00 416,066.18 0.00 0.00 416,066.18 39,583,933.82
A2 100,124,000.00 0.00 0.00 0.00 0.00 100,124,000.00
A3 138,659,000.00 0.00 0.00 0.00 0.00 138,659,000.00
B 24,419,000.00 0.00 0.00 0.00 0.00 24,419,000.00
C 22,384,000.00 0.00 0.00 0.00 0.00 22,384,000.00
D 20,349,000.00 0.00 0.00 0.00 0.00 20,349,000.00
E 6,104,000.00 0.00 0.00 0.00 0.00 6,104,000.00
X 406,985,353.00 0.00 0.00 0.00 0.00 406,985,353.00
F 26,454,000.00 0.00 0.00 0.00 0.00 26,454,000.00
G 16,279,000.00 0.00 0.00 0.00 0.00 16,279,000.00
NR 12,213,353.00 0.00 0.00 0.00 0.00 12,213,353.00
R-I 0.00 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00 0.00
Total 406,985,353.00 416,066.18 0.00 0.00 416,066.18 406,569,286.82
* Notional Class
</TABLE>
<TABLE>
Accrued Prepayment Interest Cur Unpaid Prior Unpaid Net
Class Interest Premium Shortfall Interest Int Recovbl Interest
<S> <C> <C> <C> <C> <C> <C>
A1 231,300.00 0.00 0.00 0.00 0.00 231,300.00
A2 611,006.71 0.00 0.00 0.00 0.00 611,006.71
A3 870,662.97 0.00 0.00 0.00 0.00 870,662.97
B 152,059.15 0.00 0.00 0.00 0.00 152,059.15
C 141,215.06 0.00 0.00 0.00 0.00 141,215.06
D 129,360.29 0.00 0.00 0.00 0.00 129,360.29
E 40,548.36 0.00 0.00 0.00 0.00 40,548.36
X* 456,745.33 0.00 0.00 0.00 0.00 456,745.33
F 162,692.10 0.00 0.00 0.00 0.00 162,692.10
G 100,115.85 0.00 0.00 0.00 0.00 100,115.85
NR 75,112.12 0.00 0.00 0.00 0.00 75,112.12
R-I 0.00 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
Total 2,970,817.94 0.00 0.00 0.00 0.00 2,970,817.94
* Notional Class
</TABLE>